That finding comes from the Economic Policy Institute, a union-backed progressive think tank, that for years has studied the teacher wage penalty, meaning the earnings that teachers forego by not going into another profession that requires similar training and education.
When adjusted for inflation, average teacher weekly earnings have increased just $29 since 1996, according to the Economic Policy Institute, while weekly wages for other college-educated workers have gone up $445 in the same time period.
Chalkbeat Colorado
August 26, 2022
Why it matters: The district, like much of the country, is struggling to find teachers.
- One reason might be salaries.
Driving the news: A new study by the Economic Policy Institute looks at how much teachers make compared with other careers that require a college degree.
- Illinois teachers are paid 23.4% less than their college-educated peers on average, worse than Iowa, Wisconsin, Michigan and Indiana.
- Illinois also fares worse than other states with big districts like California (17.6%) and New York (13.2%).
Axios
August 26, 2022
“Seeing Lisa Cook be the first Black woman on the Board of Governors is amazing — that’s been great to see and inspiring,” said Kyle Moore, an economist at the Economic Policy Institute in Washington. “There are efforts at the Fed to diversity, this is evidence of that.”
Bloomberg
August 26, 2022
“I would love to believe something structural happened and [has] given those workers more power,” economist Josh Bivens, director of research at the Economic Policy Institute, said. But “I don’t think we changed anything all that structural to give them a lot of leverage” for good.
Politico
August 26, 2022
Virginia is the third worst in the nation when it comes to the teacher pay gap, which measures teacher pay compared to other college-educated professionals.
By the numbers: Virginia teachers make 32.7% less than college-educated workers in other fields, according to a new report from the Economic Policy Institute.
- The national average teacher pay gap is 23.5%.
- Only Colorado and Oklahoma have a pay gap larger than Virginia’s.
Context: EPI’s report looks at weekly wages as opposed to annual salary to factor in the “‘summers off’ issue for teachers.”
Why it matters: Virginia, like most of the rest of the country, is facing a teacher shortage, and most districts in the Richmond-area will start the year with vacancies and larger class sizes.
Axios
August 26, 2022
There’s evidence of that gap in the numbers: CEO pay has skyrocketed by 1,322% since 1978, the Economic Policy Institute reported last year; …(paywall).
Fortune
August 19, 2022
A report published by the Economic Policy Institute (EPI) on Tuesday finds that, while there has long been a pay gap between teachers and comparable college graduates, that gap has recently reached its highest level since EPI began recording such data.
Truthout
August 19, 2022
That’s according to a new report from the Economic Policy Institute, which advocates for fair pay for low- and middle-income workers.
Axios
August 19, 2022
In 2015, the year Price cut his pay, the nation’s CEOs were collecting 276 times the annual pay of the typical worker, according to the Economic Policy Institute. A 2021 analysis found that gap has widened, to 351 times as much as the average worker. Compensation for top executives has soared nearly 1,300 percent in he past four decades, after adjusting for inflation. The study found that average pay for top businesses leaders at the country’s 350 largest companies was $24.2 million in 2020, when the realized value of stock options are factored in.
The Washington Post
August 19, 2022